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Article: Managing your cash flow. (financial management for the gift and accessory retailer)
- Article from:
- Gifts & Decorative Accessories
- Article date:
- May 1, 1991
- Author:
CopyrightCOPYRIGHT 1991 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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There are only three reasons for gift and accessories retailers to borrow money: to finance a growth in total assets: to fund operating losses: or a combination of both. In any case, it is better to arrange your financing early and thoroughly. because tenders respond more favorably to borrowers who are adequately prepared in advance of their needs.
That essential foresight can be enhanced by using cash flow planning. This month. we'll work through a simple, effective cash planning procedure.
Cash management is basically simple. You need to: a) control cash coming into your business: b) control cash going out of your business; and c) have plans ...